"TOYOTA YEREVAN" NEW AND MODERN SALOON AND SERVICE CENTER TO FUNCTION FROM NOW ON IN YEREVAN

ARMENPRESS
June 23, 2009

YEREVAN, JUNE 23, ARMENPRESS: "Toyota Yerevan" new and modern saloon
and the service center will henceforth function in 22, Marshal Isakov,
Yerevan address. Armenian President Serzh Sargsyan was present at
the opening ceremony.

Head of the "Toyota Yerevan" company Samvel Mayrapetian noted
that since September 2006 their company has been recognized as an
official dealer of "Toyota" in Armenia. The money circulation of
"Toyota Yerevan" during 2007-2008 reached 15.5 billion drams and 4.4
billion drams of tax has been paid to the Armenian state budget. As a
result the company appeared at the 18th place in the list of leading
taxpayers.

In 2008 the company sold more than 1100 cars instead of the intended
300. In 2007 the sale volumes reached 550 although 205 cars were
intended to be sold by the business plan. From the day the company
was established 2.5 billion drams have been invested. The number of
workers of "Toyota Yerevan" is 50 which will in the nearest future
increase and the center is able to serve 1500 cars monthly.

Samvel Mayrapetian said that the company has registered great successes
and started the construction works of the saloon and the service
center on world standards, which kicked off in February 2008. He
considers the brand – Toyota and its price/quality correlation to be
the pledge for the success.

According to the representative of "Toyota Europe" company Luigi
Rubinac the established new center will not only be useful for Toyota
clients but will also involve new customers in the future.

From: Emil Lazarian | Ararat NewsPress